Southwest Airlines Co. (LUV)

NYSE: LUV · Air Transportation, Scheduled · Dallas, TX · filing with the SEC since 1995

Grade5.1

◀ Past 6.7● Present 4.9▶ Future 3.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 5, 2026	Feb 7, 2025	Feb 6, 2024	Feb 7, 2023	Feb 7, 2022	Feb 8, 2021	Feb 4, 2020	Feb 5, 2019	Feb 7, 2018	Feb 7, 2017
Revenue	28,063	27,483	26,091	23,814	15,790	9,048	22,428	21,965	21,146	20,289
Total operating expenses	·	·	·	·	·	·	19,471	18,759	17,739^r	16,767^r
Total costs and expenses	27,635	27,162	25,867	22,797	14,069	12,864	19,471	18,759	·	·
Operating income	428	321	224	1,017	1,721	-3,816	2,957	3,206	3,407^r	3,522^r
Interest expense	167	249	259	340	·	·	118	131	114	122
Interest and investment income	205	497	583	217	13	32	90	69	35	24
Other income (expense), net	43	-6^r	62	-12	50^r	-158	-8	-18	-112^r	-21^r
Total non-operating income (expense)	135	277	409	-289	-396	-440	0	-42	-142^r	-72^r
Income before income taxes	563	598	633	728	1,325	-4,256	2,957	3,164	3,265^r	3,450^r
Income tax expense	122	133	168	189	348	-1,182	657	699	-92^r	1,267^r
Net income	441	465	465	539	977	-3,074	2,300	2,465	3,357^r	2,183^r
Net income to common shareholders	442	485	484	561^r	977	·	·	·	·	·
Earnings per share, basic	0.82	0.78	0.78	0.91	1.65	-5.44	4.28	4.30	5.58^r	3.48^r
Earnings per share, diluted	0.79	0.76	0.76	0.87	1.61	-5.44	4.27	4.29	5.57^r	3.45^r
Weighted average shares, basic	540	598	595	593	592	565	538	573	601	627
Weighted average shares, diluted	558	643	640	642	609	565	539	574	603	633

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LUV · research, not advice